Revenge Trading: "I'll Show This Market"
You took a loss. A clean stop. The market did what the market does. But your ego? Your ego decided this was personal. Now you're not trading the chart. You're trading your emotions. And the market eats emotional traders for breakfast.
"I was right, the market is wrong. I'll just take a bigger position and make it back. No stop this time — I'm not getting shaken out again. This is the bounce. It HAS to be the bounce..."
- After any loss over 2%, step away for 1 hour minimum
- Never increase position size after a losing trade
- Set a daily loss limit and treat it as law
- Write down WHY you took the loss before the next trade